5 Stocks Drawing Attention Post Quarterly Results

In this article, we discuss the 5 stocks drawing attention post quarterly results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Drawing Attention Post Quarterly Results.

5. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 41

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) turned red in the after-hours trading session on Thursday, December 9, 2021, despite beating profit and sales expectations for its fiscal third quarter.

Lululemon Athletica Inc. (NASDAQ:LULU) reported adjusted earnings of $1.62 per share, up from $1.16 per share in the year-ago quarter. Analysts were looking for earnings of $1.40 per share.

In addition, Lululemon Athletica Inc. (NASDAQ:LULU) posted revenue of $1.5 billion, up 30 percent versus last year and above analysts’ average estimate of $1.4 billion. Looking forward, the athletic apparel retailer expects revenue in the range of $2.125 – $2.165 billion for its fiscal fourth quarter.

Speaking on the results, CEO of Lululemon Athletica Inc. (NASDAQ:LULU), Calvin McDonald, said:

“Our third quarter results demonstrate the ongoing strength of lululemon and the tremendous growth potential of the business in both the near- and long-term. We are pleased with our early holiday season performance and how the lululemon brand continues to resonate in markets around the world.”

4. Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Number of Hedge Fund Holders: 48

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) rose more than four percent in the pre-market trading session on Friday, December 10, 2021, after delivering impressive financial results for its fiscal third quarter. The results were mainly driven by solid demand for its sports and outdoor goods during the quarter.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) earned $1.75 per share on an adjusted basis, beating expectations of $1.12 per share. The quarterly revenue of $1.59 billion also surpassed the consensus forecast of $1.49 billion. The results were also significantly higher than the adjusted earnings of 91 cents per share and revenue of $1.35 billion in the comparable period of 2020.

The company also raised the financial outlook for its FY 2021. Academy Sports and Outdoors, Inc. (NASDAQ:ASO) now expects adjusted earnings in the range of $7.21 – $7.31 per share and revenue between $6.68 – $6.74 billion.

Commenting on the results, CEO Ken Hicks said:

“The Academy Sports + Outdoors team did a great job again delivering our 9^th consecutive quarterly sales and profit increase. We are confident that our strong assortment and value offering, coupled with our great store service, enhanced omnichannel capabilities, and resilient supply chain will enable Academy to continue to achieve excellent results through this holiday season and beyond.”

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 50

Shares of Broadcom Inc. (NASDAQ:AVGO) climbed to a new high in the pre-market trading session on Friday, December 10, 2021, after beating expectations for its fiscal fourth quarter. The semiconductor company reported adjusted earnings of $7.81 per share, up from $6.35 per share in the year-ago quarter.

Revenue for the quarter came in at $7.41 billion, compared to $6.47 billion in the same period last year. Analysts were expecting Broadcom Inc. (NASDAQ:AVGO) to post earnings of $7.74 per share on revenue of $7.36 billion.

Broadcom Inc. (NASDAQ:AVGO) also issued the sales outlook for its fiscal first quarter. The company expects to generate revenue of around $7.6 billion, ahead of analysts’ average estimate of $7.24 billion.

Discussing the results, CEO of Broadcom Inc. (NASDAQ:AVGO), Hock Tan, said:

“Broadcom concluded the year with record fourth quarter results driven by a rebound in enterprise, and continued strength from cloud and service provider demand. With the strength and breadth of our IP portfolio, we continue to be able to uniquely deliver leading edge, best-in-class semiconductor solutions, and extend our leadership in our franchise markets.”

2. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 56

Shares of Oracle Corporation (NYSE:ORCL) jumped over 14 percent in the pre-market trading session on Friday, December 10, 2021, after announcing better-than-expected profit and sales for its fiscal second quarter.

Oracle Corporation (NYSE:ORCL) earned $1.21 per share on an adjusted basis, beating the consensus forecast of $1.11 per share. The Texas-based tech giant had posted adjusted earnings of $1.06 per share in the comparable period of 2020.

Revenue for the quarter rose six percent versus last year to $10.36 billion, ahead of analysts’ average estimate of $10.2 billion. Oracle Corporation (NYSE:ORCL) said that revenue from the cloud services and license support segment increased 6 percent on a year-over-year basis to $7.6 billion. In comparison, revenue from the cloud license and on-premise license segment jumped 13 percent to $1.2 billion in the quarter.

Looking forward, Oracle Corporation (NYSE:ORCL) expects adjusted earnings in the range of $1.14 – $1.18 for its fiscal third quarter. Moreover, revenue for the same period is expected to grow between 3 – 5 percent.

Speaking on the results, CEO Safra Catz said:

“These strong results are being driven by the 22% growth of our infrastructure and applications cloud businesses which are approaching $11 billion in annualized revenue. We now have 8,500 Fusion ERP customers with revenue growing 35%, 28,400 NetSuite ERP customers with revenue growing 29%, and our Gen2 infrastructure businesses are growing even faster—and accelerating.”

1. RH (NYSE:RH)

Number of Hedge Fund Holders: 57

Shares of RH (NYSE:RH) rose over five percent on Thursday, December 9, 2021, after its fiscal third-quarter profit and sales came in above expectations. The home-furnishings company earned $7.03 per share on an adjusted basis, compared to $6.20 per share in the year-ago quarter.

In addition, RH (NYSE:RH) posted revenue of $1.01 billion, up from $844 million in the comparable period of 2020. The results easily exceeded analysts’ average estimate of $6.61 per share for earnings and $982 million for revenue.

RH (NYSE:RH) also updated the sales outlook for its fiscal year 2021. The company expects its revenue to grow in the range of 32 – 33 percent, compared to its previous guidance between 31 – 33 percent growth.

You can also take a peek at 10 Best Financial Services Stocks to Buy Now and 10 Meme Stocks that More than Doubled in 2021.

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